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TA Associates In Talks For Dr Lal PathLabs Stake – US-based private equity (PE) firm TA Associates is in advanced talks to buy half of Sequoia Capital’s 30% stake in the country’s largest diagnostics and pathology services chain Dr Lal PathLabs for around Rs170 crore. The deal will value the Delhi-based diagnostic firm at over Rs1,100 crore, fetching Sequoia almost six times the money it had invested. The venture capital firm had acquired close to a third of the diagnostics chain for around Rs50 crore in 2005. (Economic Times)

Suzlon May Sell REpower Stake For $500M – Suzlon Energy is planning to sell around 25% stake in its German wind energy subsidiary, REpower Systems AG for $500 million (INR 23.24 billion). TPG Capital and a US-based global energy fund are in separate talks with Suzlon for proposed stake acquisition. The transaction would be done through a mix of fresh issue of shares by REpower and stake sale by Suzlon. (ET)

McNally Bharat Eyes European Buys – Engineering turnkey project execution company McNally Bharat Engineering Company Ltd. is planning for acquisitions in Europe. The company is already in talks with few firms for proposed acquisitions. (Business Standard)

Monnet Ispat Hunts For Africa Coal Mines – Monnet Ispat & Energy is planning for acquisitions in Mozambique and South Africa. The company is already in talks for acquisitions and plans to spend $100 million formid sized mineral resources including iron ore and manganese over the next twelve months. (Moneycontrol)

Mahanagar Gas Plans IPO – Mahanagar Gas Ltd (MGL), an equal joint venture between GAIL India and British Gas, is planning to raise funds through initial public offering (IPO). the funds would be used for expansion. The company is also planning to invest around $75.29 million (INR 3.5 billion) in its business in 2010-11. (BS)

Unitech To Acquire New Projects – Realty firm Unitech Ltd. is planning for acquisitions. The company is all set to explore possibilities for acquiring new projects in the coming months. (BS)

Pennar Industries Eyes Buys In Nuclear, Auto Sector – Pennar Industries is planning acquisitions this fiscal in manufacturing steel sheets (used in auto, nuclear and defence sectors) with a deal size of $21.51 million (INR 1 billion). The deal is expected to be complete this fiscal. (BS)

Kamath May Succeed Murthy At Infosys – KV Kamath is being considered for the post of chairman at Infosys Technologies, India’s software bellwether. Though Infosys’ board nominations committee has not taken any final decision, Kamath’s business credentials, wide-ranging contacts, name recognition, and trouble-shooting expertise have propelled him ahead of others. (ET)